UAE leaves OPEC and OPEC+ May 1 to control output
Business
The UAE is officially leaving OPEC and OPEC+ on May 1, shaking up the global oil scene.
After a policy review, the country wants more control over how much oil and gas it produces, aiming for growth that fits its own economic plans instead of sticking to OPEC's rules.
UAE exit questions OPEC influence
With the UAE stepping out after nearly 60 years in OPEC, there are big questions about whether the group can keep influencing global oil prices.
The timing is tense too: there is trouble in the Strait of Hormuz (a key route for oil), and relations with Saudi Arabia are not exactly smooth.
Analysts say this move could really change how much power OPEC has and might shake up future energy markets.